Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash has been mostly inactive on light demand. Last week in the Texas Panhandle live FOB purchases traded at 175.00. Last week in Kansas live FOB purchases traded from 174.00-175.00, mostly at 175.00. Last week in Nebraska live FOB purchases traded from 175.00-177.00 and dressed delivered at 277.00. Last week in the Western Cornbelt live FOB purchases traded from 174.00-177.00 and dressed delivered purchases traded at 277.00.

Negotiated Sales:

Confirmed:         456

Week Ago:            67

Year Ago:         2,057

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,700

Weighted avg. weight:        855.00

Weighted avg. net price:     280.27

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Cattle Slaughter under Federal Inspection

Tuesday              127,000

Week Ago           125,000

Year Ago             126,000

Week to Date     252,000

Last Week           240,000

Last Year             246,000 

Monday

Steers & Heifers: 99,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 296.07… -3.35

Select:  287.05… -1.77

Choice/Select Spread: 9.02

Total Load Count: 134

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Cutter Cow Cutout:

230.28… +2.67

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CME Feeder Cattle Index for January 29th:

236.28… +2.13 / +0.91%

1 Year Change: +31.35%

52 Week Range: 180.37 to 254.09

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Futures Settlements…

Live Cattle:

February: 178.02… +0.65

April: 181.75… +0.53

June: 179.22… +0.75

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Feeder Cattle:

March: 241.32… +2.70

April: 247.00… +2.40

May: 252.22… +2.17

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April Lean Hogs: 84.90… +1.48

March Crude Oil: 77.82… +1.04

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March Corn: 4.4775… +0.0750

March Wheat: 6.0550… +0.1200

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Grain Cash Bids:

Omaha Corn: 4.63… +0.03

Kansas City Wheat: 5.69… +0.08

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Financial Markets:

DJIA: 38,467.31… +133.86

S & P 500: 4,924.92… -3.01

NASDAQ: 15,209.90… -118.41

U.S. Dollar Index: 103.42… -0.19